If there are 100 million people in the total population, a labor force of 50 million, and 47 million employed workers, the unemployment rate is:_____.

Respuesta :

The unemployment rate is 6% if the total population is 100 million, the labor force is 50 million, and there are 47 million employed workers.

The correct option is B.

What is the definition of a high unemployment rate?

High unemployment, on the other hand, is not regarded healthy, as higher rates can be viewed as financial pressure on consumer spending. Most experts consider unemployment between 3% as well as 5% to be acceptable, while there is no universal agreement on what defines healthy unemployment.

What are the primary reasons for unemployment?

Unemployment is caused by a variety of factors originating on both the demand side, or the employer, and the supply side, or indeed the worker. High-interest  rates, a worldwide recession, and a financial crisis could all lead to demand-side cutbacks. Frictional unemployment as well as structural employment are important to supply factors.

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I understand that the question you are looking for is:

Assuming that there are 100 million people in the total population with a labor force of 50 million and 47 million of those workers are employed, the unemployment rate is:

A. 3%.

B. 6%.

C. 8%.

D. 10%.

E. 15%